Q2 2025 Factset Research Systems Inc Earnings Call Transcript
Key Points
- FactSet Research Systems Inc (FDS) reported a 4.1% year-over-year growth in organic ASV, with a positive outlook for the second half of the fiscal year.
- The company achieved an adjusted operating margin of 37.3% and adjusted diluted EPS of $4.28, indicating strong financial performance.
- FactSet Research Systems Inc (FDS) has a robust sales pipeline and is confident in reaching the midpoint of its 5% organic ASV growth guidance.
- The company has seen significant growth in its wealth segment, with notable wins such as UBS selecting FactSet to power their advisor desktops.
- Recent acquisitions, including LiquidityBook and Irwin, are expected to drive cross-selling opportunities and contribute to FactSet's growth.
- FactSet Research Systems Inc (FDS) faced challenges in asset management and banking, with some large losses impacting overall results.
- Lower CPI resulted in a reduced year-over-year annual price increase, creating a headwind for ASV growth.
- The company experienced a seven-figure cancellation due to the proactive retirement of a legacy solution, affecting growth in the asset management segment.
- FactSet Research Systems Inc (FDS) is operating in a challenging market environment with ongoing macroeconomic uncertainties.
- The banking sector remains tough, with no significant improvement in deal flow, impacting the company's reliance on this segment for growth.
Good day and thank you for standing by. Welcome to the Factset second quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. After the speaker's presentation, there will be a question-and-answer session. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Yet He, with Investor Relations. Please go ahead.
Thank you and good morning, everyone. Welcome to Factset second fiscal quarter 2025 earnings call. Before we begin, the slides we reference during this presentation can be found through the webcast on the Investor Relations section of our website at factset.com. A replay of today's call will be available on our website.
After our prepared remarks, we will open the call to questions from investors. The call is scheduled to last for one hour. To be fair to everyone, please limit yourself to one question. You may re-enter the queue for additional
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